Business Statistics

Catalog description

Examine ways in which managers use statistics to inform business decisions and to make decisions under conditions of risk and uncertainty. Students perform statistical analysis of samples, linear regression, multiple regression, correlation analysis, model building, model diagnosis, and time series regression using various models. Students also construct hypotheses, perform one-way and two-way analysis of variance, and apply nonparametric methods of statistical analysis. In addition, students are introduced to concepts of probability, and the discrete and continuous distributions of probability are applied.